Credit Counselors
Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explain loan requirements or restrictions. May help develop debt management plans or student financial aid packages. May advise on credit issues, or provide budget, mortgage, bankruptcy, or student financial aid counseling.Salary by State
| State Name | Employment | Annual Salary | Hourly Salary | |
|---|---|---|---|---|
| Alabama | 150 | $49,090 | $23.60 | |
| Alaska | 30 | $61,100 | $29.38 | |
| Arizona | 2,090 | $46,840 | $22.52 | |
| Arkansas | 70 | $37,090 | $17.83 | |
| California | 1,930 | $57,260 | $27.53 | |
| Colorado | 400 | $53,670 | $25.80 | |
| Connecticut | 750 | $47,520 | $22.85 | |
| Delaware | 50 | $49,310 | $23.71 | |
| District of Columbia | 110 | $69,020 | $33.18 | |
| Florida | 2,350 | $44,790 | $21.53 | |
| Georgia | $61,620 | $29.63 | ||
| Idaho | 110 | $41,930 | $20.16 | |
| Illinois | 1,650 | $47,500 | $22.84 | |
| Indiana | 500 | $45,970 | $22.10 | |
| Iowa | 500 | $44,400 | $21.35 | |
| Kansas | 60 | $48,780 | $23.45 | |
| Kentucky | 370 | $46,610 | $22.41 | |
| Louisiana | 140 | $34,750 | $16.71 | |
| Maine | 170 | $48,600 | $23.37 | |
| Maryland | 540 | $54,200 | $26.06 | |
| Massachusetts | 930 | $61,830 | $29.73 | |
| Michigan | 1,130 | $50,250 | $24.16 | |
| Minnesota | 690 | $52,980 | $25.47 | |
| Mississippi | 230 | $39,480 | $18.98 | |
| Missouri | 850 | $54,330 | $26.12 | |
| Montana | 60 | $39,750 | $19.11 | |
| Nebraska | 250 | $63,910 | $30.73 | |
| Nevada | $41,910 | $20.15 | ||
| New Hampshire | 560 | $45,770 | $22.01 | |
| New Jersey | 390 | $59,950 | $28.82 | |
| New Mexico | 320 | $51,010 | $24.52 | |
| New York | 1,470 | $63,710 | $30.63 | |
| North Carolina | 450 | $52,610 | $25.29 | |
| North Dakota | 50 | $56,010 | $26.93 | |
| Ohio | 1,130 | $57,510 | $27.65 | |
| Oklahoma | 160 | $48,490 | $23.31 | |
| Oregon | 360 | $56,570 | $27.20 | |
| Pennsylvania | 1,380 | $47,580 | $22.88 | |
| Rhode Island | 120 | $64,420 | $30.97 | |
| South Carolina | 720 | $51,060 | $24.55 | |
| South Dakota | 40 | $43,750 | $21.03 | |
| Tennessee | 1,120 | $50,370 | $24.22 | |
| Texas | 3,220 | $43,010 | $20.68 | |
| Utah | 890 | $44,960 | $21.62 | |
| Virginia | 1,190 | $53,140 | $25.55 | |
| Washington | 310 | $52,490 | $25.24 | |
| West Virginia | 120 | $40,470 | $19.46 | |
| Wisconsin | 730 | $47,490 | $22.83 |
Education
The programs listed below are typically the education paths that can land you this kind of job.
A program that prepares individuals to perform a wide variety of customer services in banks, insurance agencies, savings and loan companies, and related enterprises. Includes instruction in communications and public relations skills, business equipment operation, and technical skills applicable to the methods and operations of specific financial or insurance services.
A program that prepares individuals to plan and manage the financial interests and growth of individuals and institutions. Includes instruction in portfolio management, investment management, estate planning, insurance, tax planning, strategic investing and planning, financial consulting services, and client relations.
A program that prepares individuals to perform and/or manage operations concerning personal and corporate credit, collateral, loan processing, and related financial agency communications. Includes instruction in general finance and banking principles, insurance, real estate, taxation, business law and regulations, quantitative methods, financial computer systems applications, database management, communications skills, business and office management, and professional standards and ethics.
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$50,430 per yearNational average salaryModerateJob growth rate
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Bachelor's degreeTypical education requirement
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Moderate-term on-the-job trainingTypical on-the-job training requirement
Educational Attainment
The following chart shows the highest education level completed by those working as credit counselors.
- Less than high school 1%
- High school graduate 13%
- College dropout 22%
- Associate’s degree 10%
- Bachelor’s degree 42%
- Master’s degree 10%
- Doctorate degree 1%
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